• Southern Copper average debt/equity ratio for 2023 was 0.8, a 1.27% decline from 2022.
• Southern Copper average debt/equity ratio for 2022 was 0.79, a 2.47% increase from 2021.
• Southern Copper average debt/equity ratio for 2021 was 0.81, a 13.83% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.